Salt Creek Midstream LLC
About
Formed in 2017, Houston-headquartered Salt Creek Midstream LLC is a full-service midstream provider primarily comprised of cryogenic processing facilities, gas and crude gathering pipelines, compression and treating facilities as well as water gathering and disposal services. The initial phase of the project was commissioned in April 2018. Salt Creek expects its processing capacity to reach 260 million cubic feet per day by the end of 2018, increasing to 460 million cubic feet per day late in first-quarter 2019, with additional expansion investments planned as producers are added to the system.
The greenfield development spans over 350,000 acres in gas dedications and approximately 385,000 acres in crude commitments across Culberson, Reeves, Ward, Winkler, Lea, Pecos and Eddy counties within the Delaware Basin.
Salt Creek is a joint venture of ARM Energy and funds managed by Ares Management LP. An ARM Energy subsidiary serves as operator of the project.
Editor's note: Updated June 5, 2020.
Transactions
Salt Creek Midstream, Noble Midstream Partner On Gathering System
Salt Creek Midstream, Noble Midstream Partner On Gathering System
Apache Continues Alpine High Infrastructure Buildout With New NGL Project
Apache Continues Alpine High Infrastructure Buildout With New NGL Project
Apache Continues Alpine High Infrastructure Buildout With New NGL Project
Apache Continues Alpine High Infrastructure Buildout With New NGL Project
Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company
Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company
Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company
Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company
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New Financings
Announced the successful close of a four-year, $650 million term loan through Deutsche Bank. The proceeds…
Salt Creek Midstream LLC announced the successful close of its $350 million term loan facility. Deutsche…
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News
Finding a Niche: Midstream Giants Target Private G&P Assets
Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.
GPA Midstream Elects 2020-21 Officers, Board Members
Bill Ward, senior vice president of commercial activity at Superior Pipeline Co., has been appointed to lead GPA Midstream as chairman of the board.
Bankruptcy Looms over US Energy Industry
Shale producers came into the current oil crisis with already high debt levels, namely from big investments to increase production across the U.S. in a bet on higher prices.
Executive Q&A: ARM Energy Holdings Chasing Optionality
From wellhead to water, with a trading floor in between, ARM Energy Holdings continues to grow. CEO Zach Lee has inked four big joint ventures so far this year.
Salt Creek Midstream Affiliate Launches Delaware Basin Open Season
A subsidiary of Salt Creek Midstream launched a binding open season for its proposed Delaware Basin crude oil gathering and transportation system in the Permian.